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On Your Radar > Food prices
Food prices
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Rising commodity prices are having a knock-on affecting throughout the food supply chain, from growers to the supermarket shelves. For formulators, the challenge is to reduce reliance on ingredients that now cost a lot, but still deliver products that have the taste and texture consumers have come to expect. |
GM policy could bring price, supply issues, warns UK
02-Sep-2009 - The UK government has warned that the EU’s hardline on GM food could disrupt the supply chain and result in price hikes.
Government urges radical rethink to ensure stable food supply
10-Aug-2009 - The UK government has called for a radical rethink of food production to secure sustainable food supplies at reasonable prices.
Falling commodity prices to ease food prices later rather than sooner
23-Feb-2009 - The increase in food prices around the globe will ease later rather than sooner, as benefits of falling commodity prices take time to trickle through the chain.
Credit crisis could lead to rice price rise, warns IRRI
12-Jan-2009 - Rice prices could rise again in the near future as farmers find it more difficult to secure credit and lower grain prices cause them to plant less, according to the International Rice Research Institute (IRRI).
Thrifty eating informs 2009 trend predictions
16-Dec-2008 - ‘Tis the season for food trend predictions, but this year’s list from Thefoodpeople is marked by back-to-basic measures to reduce food spending in the recession.
Root hair research could lead to crop yield increase
15-Dec-2008 - Scientists have made strides into understanding how to increase crop yields by boosting a plant’s intake of nutrients and water, which could help improve food sustainability.
New bid for competitive EU food prices
11-Dec-2008 - The European Commission is proposing a package of ways to safeguard affordable food for consumers, including investigation of retailer payment practices, EU-wide price monitoring, and examination of commodity market regulators.
EU melamine controls on Chinese soy could affect supply, price
09-Dec-2008 - New measures to restrict the import of soy foods into the EU from China may have an effect on soy stocks already in the EU, and push up ingredient prices over the coming months, say industry experts.
EU policy change could double crop prices, study
02-Dec-2008 - New pest management legislation in Europe could result in crop production shifting to other countries and prices for commodities shooting up, a study has warned.
Dairy price won’t settle soon, says Fonterra
18-Nov-2008 - Volatile dairy prices are likely to continue in the mid term at least, New Zealand Fonterra has warned, signaling a need for on-going margin vigilance for food makers using dairy derivatives.
Weekly comment
A menu for American food policy
03-Nov-2008 - At the time of writing, the US is poised to go to the polls. The next two days are going to be hugely exciting. And when it’s all over, after the victor gets some well-earned rest… he’ll rub his sleepy eyes and ask: ‘What’s for breakfast?'.
Defra traces UK food price story for 2008
31-Oct-2008 - Defra has published its annual Food Statistics Pocketbook, which traces the precise direction of food prices in the UK over the last 12 months and gives insight into the tough implications for low income households.
Industry won’t ignore health for cheap food, says FDF
27-Oct-2008 - The food industry will keep up momentum on healthier products, despite economic gloom and consumer focus on price, says the head of the Food & Drink Federation.
Price tumble for cocoa aids confectioners
24-Oct-2008 - Prices for cocoa continue to tumble compounded by the global financial crisis, offering further relief in costs for confectioners.
Adapting to price volatility
24-Oct-2008 - Cargill Texturizing Solutions explains how the food industry must adapt to ongoing raw material price volatility, and what consolidation amongst manufacturers means for their suppliers.
Grim Christmas prediction shows need for cheap treats
23-Oct-2008 - UK shoppers are expected to spend money on Christmas food, treats and presents but buy less due to high food inflation – a message that reinforces the need for product innovation in a tough economic environment.
European Union to reintroduce grain import duties
20-Oct-2008 - The EU has announced plans to reintroduce import duties on cereals in order to safeguard European farmers from plummeting grain prices.
Food could influence election outcomes, report
07-Oct-2008 - The UK government is taking a grim view of effect of food prices on the political landscape and is establishing a council of food policy advisors – just as a report warns that food could be a factor to influence elections.
Farmers target cereal tariff reissue amidst supply hikes
26-Sep-2008 - The UK’s National Farmers Union (NFU) is calling for the reinstatement of European import duties on cereals to protect grain producers both domestically and in northern Europe.
AB Enzymes ups prices by 10 per cent
15-Sep-2008 - AB Enzymes is to pass on some of the increased costs of raw materials, energy and overheads, upping the price of its baking, food and specialty enzymes by up to 10 per cent.
Use unspent subsidies to aid food security, says MEP
11-Sep-2008 - A proposal to send unspent EU subsidies to developing countries worst hit by food price rises would have knock-on benefits for the EU, according to the rapporteur leading a Development Committee debate yesterday.
Stores slammed for unhealthy food promos
01-Sep-2008 - Claims that UK supermarkets are promoting more unhealthy foods than they were two years ago have met with criticism from the retail sector, which has been working with private-label and branded food manufacturers to improve the health profile of products.
Price actions on cost rises deliver steady H1 for Kerry ingredients unit
26-Aug-2008 - Food firm Kerry delivers like-for-like trading profit of €134 million at its ingredients and flavours unit for the first half of 2008, thanks in part to 'prudent price actions' that have brought good cost recovery to the group.
Weekly comment
Why food is the new oil
11-Aug-2008 - “Food is a weapon – don’t waste it.” This message, which featured on a Second World War poster issued by the US Office of War Information in 1943, is a lesson from history we would do well to heed.
Retailer responds to organic slowdown with price slash
08-Aug-2008 - UK supermarket Tesco has announced that it is drastically reducing the price of organic produce by up to 25 per cent, in response to feedback from consumers who are feeling the effects of the credit crunch.
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